Can someone tell me the name of this company prior to be mercury group??

Thanks Regard

This dreadful state of affairs was already on the wall arround this time last year, one can only feel sorry for those that believed the company prospects. It is this total destruction of investor wealth that should be investigated IMHO.
Meanwhile the jolly chaps at the FSA will fine errant businesses that forget to place warning signs above the fire doors.
The lack of comments (here), rather demonstrates how wise are those ho use this site.
Bargepoles.

Does anybody know what is behind this latest fall in MGP's fortunes, and is there any hope of recovery.

Without recommending this stock in any way, it has been in the doldrums for some considerable time. There has now been some movement and some investors have made significant short term gains. It is one of my long term dogs and when it woke from its sleep I bought another tranche at 0.41p per share, currently showing just short of 100% gain.

Here's hoping for more gains so that I may have jam as well as bread for tea.

Final Results next week:

Turnover for the SMPA business should be up sharply now having seen the multi-million pounds properties in the companies portfolios which are being leased out/sold, under offers and sold already. Should it turn allow for a increase in profit and possible swing to profits for the year ending 30 September 2007. With just 117 million shares in issue....a conservative valuation would be around 1.50p.

http://www.sm-pa.co.uk/inv-for-sale.htm

IMO they will have taken a good few hundred thousand pounds cut minimum each time in the below recent transactions.

http://www.sm-pa.co.uk/inv-recent.htm

Also, looking for opportunities for a good number of clients.

http://www.sm-pa.co.uk/inv-client-requirements.htm

Not to mention Industrial properties and now expanding into continental europe.

http://www.sm-pa.co.uk/cms/Industrial.html
http://www.sm-pa.co.uk/overseas.htm

Alot of recent deals on office blocks and a lot of office blocks still being chased by clients.

http://www.sm-pa.co.uk/office-recent-deals-WE.htm
http://www.sm-pa.co.uk/office-recent-deals-City.htm
http://www.sm-pa.co.uk/office-recent-deals-National.htm

Transactions by SMPA:

More multi-million pounds properties in portfolio:

http://ssl.propex.co.uk/cgi-bin/pp_properties.cgi?quickfind=pepper

Seem very busy at the moment and acted as a Purcasher on a Heathrow building last month...would have got a decent commisssion on the below deal especially as the buyer getting a saving to last summer's valuation imo:

CLS sells knocked down Heathrow office

09:17 | 18.02.08

Sten Mortstedt’s CLS Holdings has sold a Heathrow office building for £12.8m, a 5% discount to its June valuation.

By Mike Phillips

The sale of the 102,345 sq ft Vista Centre, which also includes a restaurant, gymnasium and swimming pool, to Vista Property Investments represents an initial yield of 7.4%.

New tenants

CLS bought the building in 1995 for £10.8m when the entire building was let to Hoechst.
Click here to find out more!

In 1999 the tenant paid £8m to be released from its lease and the building was refurbished and the leisure facilities added.

Tenants now include the Metropolitan Police, Airline Business and a business centre.

MBH and Vail Williams acted on behalf of CLS and Smith Melzack Pepper Angliss acted for the purchaser.

http://www.propertyweek.com/story.asp?sectioncode=297&storycode=3106572

A decent enough commission should be shown on the below deal for the Met in london last September in next weeks results imo especially with the authority saving 1 million and SMPA advising the met:

http://www.instant-managed.com/press15_09_06.asp

Good profile on the CEO Mr Franks...outlines what I've mentioned about building the business up through more acquisitions for which any placing would be between 1 and 2p imo. Mr Franks was one of the parties in the vendors who accepted 1 and 2p for settlement of the paye claim very recently.

15.06.07

Each week we meet a property character from a different age bracket. Today, Mark Shepherd meets Ronnie Franks, 60, chief executive of AIM-listed Mercury Group.

http://www.propertyweek.com/story.asp?sectioncode=359&storycode=3089263

Good write up on people involved with the company and attractive profit margins in the sector.

http://www.growthcompany.co.uk/market-research/features/21747/support-service-s

Anyone has any idea of the levels of profit margins the company makes??? The growth company arcticle indicated high levels of profit margins. Some very big figure deals have been completed by the company where they have acted on behalf of the purchaser. Looking at previous set accounts turnover could come anywhere between 3-5 million and even we take the lower number the company could be also be set to announce a swing into profits. If so a mkt cap of around 2 million which would be equivalent to a share price of 2p imo would be reasonable. All the discontinued activities should be over now as stated in the Interims last summer which have results in losses. SMPA has always been making a decent profit over previous years though that was quite low in the Interims due to getting rid of all the dead wood.
Judging by the amount of activity going on through the SMPA website, the forward looking statement should be positive.

Little tick up again. Finals this week should provide the spark for the big re-rating imo. Turnover expected at minimum 3 million and swing to profits would put the share price at 2p (2m mkt cap).

Set-up nicely for rest of the wk and for when the finals are announced. Still no value on the business with the current sp and up 12% on just 325K in buys today.

Market makers bidding aggressively for stock: 250K at 0.435p against 100k at 0.50p.

Couple of 200K buys at 0.50p and blue as expected! 0.45-0.50p, L2 is 1 v 3.

Up 16%. 0.50-0.55p, ...v.hard to buy now.

Just spoken to Mr Franks on 07768 355308 and finals will be announced on Monday 31st March.

The price has rising nicely thus far this week and imo with today's close looks set for one of those bigger gains tomorrow and will be finely poised for a good re-rating imo once the finals are out on Monday. Enough information on the SMPA website to suggests that the figures should be good. Also, should be a positive outlook and Mr Franks has already been quoted on the website with some positives for 2008. Lots of deals completed recently and looking for lots for properties for a fair number of clients as well.

Market makers have severely restricted online buying now to just 25,000 shares this afternoon. A good indication to what's forthcoming and that they don't want to sell too many shares at these very cheap levels at which there is no value on the business. The price got to 0.90p when the news came out in January that vendors of the SMPA business had accepted 1 and 2p in shares for rest of the monies due. Importantly, some of the vendors were board members of Mercury Group.

L2 gone positive at 2 v 1...can only buy 10,000 shares now online. Should see good gains today imo.

Clearly indicating they don't want buyers before the finals come out on Monday - severly reduced buy limit of just 10,000 shares. Just one market maker on 0.55p offer and then 2 on 0.60p, 2 on 0.65p, and 1 on 0.75p!

Finally blue....0.50-0.60p, L2 is 2 v 3.

More....more!

Still not opening up the buy limits??? Finally a decent 100K buy has come through at 0.60p...looks very positive imo for Monday.

Finals out either first thing or during the day tomorrow. Last weeks 40% rise prior to the finals was very encouraging. Also, the severe online buying restrictions in place at this very cheap levels where there is just a value on the AIM listing. If the company does announce a turnover of 3 million atleast (should between 3-5m) and a swing to profits then fair value would be 2p (2m mkt cap). Or if narrowing of losses then still atleast 1-1.50p minimum imo. The statements on the website indicate a positive outlook will be given for the rest of 2008 imo.